The global Ethnic Wear Market size is anticipated to reach USD 126.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.3% from 2021 to 2028. Due to globalization, the transfer of culture and tradition, as well as individuals traveling and residing in different countries, there has been a strong demand for ethnic clothing from many nations across the world. Furthermore, the worldwide desire for ethnic dresses at theme-based functions, rent-based models for renting ethnic garments, and the expansion of distribution channels through e-commerce are driving the ethnic wear market.
Many retailers and global brands introduced more
ethnic wear collections into their product line. For Instance, In April 2020,
H&M Group, a Swedish retailer announced to introduce a saree collection in
collaboration with designer Sabyasachi Mukherjee. In September 2019, Japanese
brand Uniqlo launched its first retail store in India and introduced a special
kurta collection.
The fashion and textile industry in the Middle East
& Northern Africa region is increasing with annual spending for fashion per
person in Saudi Arabia and in the UAE being among the highest in the world. The
Middle East market represents enormous growth opportunities amid a pessimistic
global outlook for the industry. The Middle East still has potential, despite
an already well-established fashion market. Several buyers in the region have
developed a taste for both modest fashion and homegrown labels that reflect
their culture. The demand for ethnic wear including burkhas and hijabs is
projected to witness significant growth owing to the increasing availability of
products through various brands including Tommy Hilfiger.
Some apparels manufacturers in Africa are initiating
to integrate sustainability into their textile and fashion supply chains. The
Moroccan government for instance is providing incentives for companies to be
sustainably certified. Also, many global brands have implemented environmental
priority standards for North Africa’s garment producers. Incremental changes in
resource-efficient and cleaner production are already taking place in various African
sourcing countries. Also, ethically made clothing and apparel are gaining
significant traction in the region. This is expected to generate demand for
ethically manufactured ethnic wear in the coming years.
The online distribution channel is the fastest-growing
segment with a CAGR of 6.1%, the segment demand was driving due to the
pandemic. Many brands across the world are focusing to get maximum business
through e-commerce as it provides convenience of contactless delivery. The
surge in work from home for many employees has resulted in an increase in
online businesses of ethnic wear brands.
Related Press Release@ Ethnic Wear Market Report
Ethnic Wear Market Report
Highlights
- The ethnic wear market is expected to witness a CAGR of 6.3% from
2021 to 2028
- The offline segment accounted for the largest revenue share of
63.8% in 2020 and is expected to expand at a CAGR of 6.0% from 2021 to
2028
- Among end-users, the women segment is expected to witness the
fastest CAGR of 6.6% over the forecast period
- Asia Pacific dominated the market and accounted for the largest
revenue share in 2020 and is projected to witness a CAGR of 6.5% over the
forecast period
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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